STTCOMP EVE FA LONG
MC $19.4m approx. @ SP $0.008
Cash on hand $4.35 as per last quarterly (as on 31.03.18)
EVE investments as below
Jenbrook was very good acquisition, as announced on 21.6.18, however market didn't like it or may be timing wasn't right. or market (positive) reaction may come after a week...!
From acquisition announcement,
>>"Jenbrook is one of Australia’s largest organic tea tree oil producers supplying both local and international markets with high quality tea tree oil and hydrosol "
>>"Strong revenue generating, Jenbrook reported revenues of $2.1 million for FY17 from its tea tree products, with a further unaudited contribution of US$1.5 million from its subsidiary NAP "
Also, Meluka honey is doing very well, read the links below:
https://hotcopper.com.au/threads/ann-trading-halt.4252854/page-32?post_id=33835908#.WzDg3FUzYdU
https://hotcopper.com.au/threads/ann-corporate-update.4214809/page-30?post_id=33427021#.WzDhP1UzYdU
We are due for an update on Meluka honey side of the business.
And considering the sell off, I would expect company will provide the update in a week or so time.
All IMHO, DYOR
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